Assume a Firm Is Currently Producing 100 Units of Output,total

question 12

Multiple Choice

Assume a firm is currently producing 100 units of output,total fixed costs are $10,000,and average variable costs are $8.Based on this information we can conclude,with certainty,that the firm's:

• A)marginal costs are $8.
• B)total variable costs are $8000.
• C)average fixed costs are $2.
• D)total costs are $10,800.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to companies, typically as part of the supply chain.

Addresses

A collection of information detailing the location of an individual or organization, typically including elements such as street name, number, city, and postal code.

Enter Bills

The process of recording invoices received from suppliers into the accounting system.

Purchase Order

A commercial document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services.